AN EXAMINATION OF FRAUD DETECTING TECHNIQUES USED IN THE NIGERIAN BANKING INDUSTRY: A CASE STUDY OF SELECTED BANKS IN KANO METROPOLIS.
AN EXAMINATION OF FRAUD DETECTING TECHNIQUES USED IN THE NIGERIAN BANKING INDUSTRY: A CASE STUDY OF SELECTED BANKS IN KANO METROPOLIS.
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Date
2006-10
Authors
MAMMAN, SAMA’ILA, Hafsat.
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Abstract
ABSTRACT
This research is focused on fraud detecting methods used in the Nigerian
Banking Industry. The main objectives of the study is to identify the various
means of defrauding Banks, to identify the causes of frauds in Banks, to
determine the effects, magnitude and frequencies of fraud in Banks, and to
suggest measures that can be taken to prevent and or control fraud in the
Banking sector.
In a bid to effectively carry out this study, some Banks were randomly selected
in Kano metropolis namely First Bank Plc.Union Bank Plc, United Bank for
Africa, Afri Bank Plc and Zenith Bank Plc.
Two methods of data collection were used for this study. The primary source of
data included questionnaires and direct observation on some of the activities of
the members of staff of the Banks and their customers. The Secondary source
of data included text books, internet, financial times, Banks annual report of
fraudulent theft, alert journals, annual reports of Central Bank of Nigeria, and
Nigerian Deposit Insurance Corporation.
From the analysis of the data collected, it was discovered that ineffective and
inefficient control was the major cause of fraud in the Nigerian Banking sector.
The data also revealed that fraud contributes significantly to the distress in the
Nigerian Banking industry. I recommend that effective and efficient
management team must be put in place in order to minimize fraud in the
Nigerian Banking sector.
Description
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY
ZARIA
NIGERIA.
Keywords
EXAMINATION,, FRAUD,, DETECTING,, TECHNIQUES,, NIGERIAN,, BANKING,, INDUSTRY,, CASE,, STUDY,, SELECTED,, BANKS,, KANO,, METROPOLIS.